Kiwi:Does the rally stop ?. NZ CPI on Thursday.

Kiwi rallied 9 consecutive days and now stop at resistance zone around 0.6725

500 pips : 0.6225-0.6725 : This is a strong move I rarely see with NZDUSD .

The secret behind this move is recovery of commodity price, dairy price found bottom support for Kiwi greatly while RBNZ absolutely will not cut rate anymore this year; Dollad weak is also a good reason behind the move.

However, the move should have a break time, a correction is understandable.

Next week, the main focus is NZCPI on Thursday while we also have US CPI and US Retail Sales.

NZDUSD moved above SMA100 : A level we must watch , usually a break SMA100 , trend continues , but N/U is captured by resistance zone , so we need wait for a break resistance zone to confirm the strength of trend.